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Politics News 5 January 2026 - 22 January 2026

Trump slaps JPMorgan and CEO Jamie Dimon with a $5 billion ‘debanking’ lawsuit

Trump slaps JPMorgan and CEO Jamie Dimon with a $5 billion ‘debanking’ lawsuit

Donald Trump filed a $5 billion lawsuit in Florida against JPMorgan Chase and CEO Jamie Dimon, alleging the bank closed his accounts in 2021 for political reasons. JPMorgan called the claims baseless and said account closures follow legal or regulatory requirements. The complaint says Trump and his businesses were given no explanation and were forced to reorganize banking arrangements.
22 January 2026
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Trump’s Truth Social ‘America First’ ETFs hit NYSE as Trump Media’s new investing push draws scrutiny

Trump’s Truth Social ‘America First’ ETFs hit NYSE as Trump Media’s new investing push draws scrutiny

Five Truth Social-linked ETFs debuted on the New York Stock Exchange last week, expanding Trump Media’s reach into finance. The company also launched four Truth Social-branded investment strategies through Yorkville and Index Technologies Group. Ethics advocates and Democrats say these moves deepen conflict-of-interest concerns involving President Donald Trump. The White House denies any conflicts.
20 January 2026
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Trump’s Greenland tariff threat sets up a tense week for global stocks

Trump’s Greenland tariff threat sets up a tense week for global stocks

President Donald Trump threatened 10% tariffs on eight European countries tied to Greenland, escalating to 25% by June if no deal is reached. The S&P 500 closed nearly flat at 6,940.01, while the Dow and Nasdaq also posted slight losses. Europe’s STOXX 600 ended flat, and China’s regulator announced tighter market controls. U.S. markets will close Monday for Martin Luther King Jr. Day.
18 January 2026
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Microsoft stock slides after Trump pressures tech on data-center power bills

Microsoft stock slides after Trump pressures tech on data-center power bills

New York, Jan 13, 2026, 16:04 EST — After-hours Shares of Microsoft (MSFT) slipped 1.8% to $468.44 in after-hours trading Tuesday following the company’s announcement of a new strategy aimed at preventing its rapidly expanding data-center operations from inflating consumer power bills. The shift comes as utilities and state regulators scrutinize who should foot the bill for grid upgrades needed to support artificial intelligence. With data centers consuming large, consistent amounts of power, pushback from local communities has begun to stall some projects in certain markets. For Microsoft, resistance isn’t just a permitting snag anymore. It’s tangled up in the
13 January 2026
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Trump eyes shutting Exxon out of Venezuela — but the oil giant still plans a look

Trump eyes shutting Exxon out of Venezuela — but the oil giant still plans a look

New York, January 13, 2026, 07:10 EST Exxon Mobil is still planning to dispatch an assessment team to Venezuela in the coming weeks, according to someone familiar with the company’s strategy, despite President Donald Trump’s hint that he might block the oil giant’s access to the country. Exxon shares slipped 0.5% to $124.03 ahead of the open. The standoff is significant as Trump pushes U.S. energy firms to step in and rebuild Venezuela’s oil industry following the capture of Nicolás Maduro. He frames the move as both an economic reboot and a strategic victory. The White House is eager for
13 January 2026
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Trump’s 10% credit card rate cap plan hits bank stocks as JPMorgan, Citi slide

Trump’s 10% credit card rate cap plan hits bank stocks as JPMorgan, Citi slide

New York, Jan 13, 2026, 04:52 EST U.S. financial stocks tumbled Monday after President Donald Trump proposed a one-year cap on credit card interest rates, sparking concerns over a major profit driver. JPMorgan Chase (JPM.N) slid 2.5%, Bank of America (BAC.N) lost 1.6%, Citigroup (C.N) dropped 3.7%, and Wells Fargo (WFC.N) dipped 1.5% in early trading. UK-listed lenders also declined. (Reuters) The proposal comes as bank earnings season kicks off, adding to market jitters over political risks tied to consumer borrowing costs. Raymond James Washington policy analyst Ed Mills noted that “legislative risk remains relatively low.” Wolfe Research’s Tobin Marcus
13 January 2026
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JPMorgan stock slides after Trump credit-card rate cap call; earnings and CPI due Tuesday

JPMorgan stock slides after Trump credit-card rate cap call; earnings and CPI due Tuesday

New York, Jan 12, 2026, 17:17 EST — After-hours Shares of JPMorgan Chase & Co slipped Monday following President Donald Trump’s call for a one-year 10% cap on credit-card interest rates starting Jan. 20, stirring fears over a crucial revenue stream for major banks. JPM fell 1.5% in after-hours, closing at $324.49 after hitting a low of $317.34 during the day. Bank of America dropped 1.6%, while Citigroup slid 3.7% in early trade. UBS analysts noted that such a cap would require “an Act of Congress” to become reality. (Reuters) The news hit just before JPMorgan’s fourth-quarter earnings, due at
12 January 2026
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Starlink in Iran: Trump to call Musk as blackout tightens grip

Starlink in Iran: Trump to call Musk as blackout tightens grip

DUBAI, Jan 12, 2026, 16:51 (GST) U.S. President Donald Trump said he plans to speak with Elon Musk about bringing internet back to Iran via SpaceX’s Starlink satellite network. “He’s very good at that kind of thing, he’s got a very good company,” Trump told reporters. (Reuters) Since Thursday, Jan. 8, Iran has enforced a near-total internet blackout as protests over soaring prices escalated into demands for the clerical regime’s downfall. Tehran says it’s working with security forces to coordinate any restoration of service. Washington is considering its next steps but insists communication lines remain open through intermediaries. Alan Eyre,
12 January 2026
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Trump’s payout curb keeps space and defense stocks in play ahead of Monday

Trump’s payout curb keeps space and defense stocks in play ahead of Monday

New York, Jan 11, 2026, 12:55 EST — Market closed Defense contractors are scrambling for legal counsel after President Donald Trump signed an executive order tying share buybacks, dividends, and executive pay to weapons delivery timelines, three sources familiar with the issue said. The sector handed back around $8 billion in dividends and about $10 billion in buybacks over the past year, according to Morgan Stanley data. Despite the move, aerospace-and-defense stocks ended the week higher: the iShares U.S. Aerospace & Defense ETF (ITA) jumped 2.4% on Friday, the SPDR S&P Aerospace & Defense ETF (XAR) gained 2.9%, Lockheed Martin
11 January 2026
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RTX stock swings after Trump defense-budget push, buyback ban clouds next move

RTX stock swings after Trump defense-budget push, buyback ban clouds next move

NEW YORK, Jan 8, 2026, 19:37 EST — Trading continues after hours RTX shares climbed 0.8% to $187.17 in after-hours trading Thursday, capping a wild ride that saw the stock soar more than 6% at one point. The jump came as defense stocks broadly rallied, fueled by President Donald Trump’s push for a $1.5 trillion U.S. military budget in 2027. Reuters The budget talk came just a day after the White House slapped down an executive order banning dividends and share buybacks — when companies use cash to buy back their own stock — until contractors actually deliver a better
9 January 2026
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Trump’s Venezuela oil plan starts now: 30–50 million barrels headed for U.S.

Trump’s Venezuela oil plan starts now: 30–50 million barrels headed for U.S.

CARACAS, Jan 7, 2026, 13:54 (VET) The Trump administration will start moving Venezuelan crude to the United States immediately, shipping an initial 30 million to 50 million barrels and keeping sales running indefinitely, a senior Trump administration official said on Wednesday. The official said Washington would selectively ease sanctions to help keep Venezuelan crude and refined products flowing to global markets. Reuters Energy Secretary Chris Wright framed the oil as leverage after U.S. forces seized President Nicolas Maduro at the weekend. “We need to have that leverage and that control of those oil sales,” he told a Goldman Sachs energy conference
7 January 2026
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Trump’s Venezuela Oil Move Sends Chevron, Refiners Jumping as Crude Holds Steady

Trump’s Venezuela Oil Move Sends Chevron, Refiners Jumping as Crude Holds Steady

NEW YORK, Jan 5, 2026, 09:25 (EST) U.S. energy shares surged in pre-market trading on Monday after President Donald Trump pledged to unlock Venezuela’s oil reserves following the U.S. capture of Venezuelan President Nicolás Maduro. Chevron was up about 7%, while Exxon Mobil and Halliburton also climbed. The Guardian Oil prices, however, barely moved as traders focused on what changes now versus what might take years. Brent crude futures were up 37 cents to $61.12 a barrel and U.S. West Texas Intermediate gained 41 cents to $57.73, with the U.S. embargo on Venezuelan oil still in place and OPEC+ holding
5 January 2026
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Stock Market Today

Nvidia stock jumps nearly 8% as Big Tech AI spending bets lift chipmakers and Dow tops 50,000

Nvidia stock jumps nearly 8% as Big Tech AI spending bets lift chipmakers and Dow tops 50,000

7 February 2026
Nvidia surged 7.8% Friday, leading a chip stock rally that pushed the Dow above 50,000 for the first time. The PHLX semiconductor index gained 5.7% as Advanced Micro Devices rose 8.3% and Broadcom 7.1%. Amazon fell 5.6% after projecting $200 billion in 2026 capital spending. Investors weighed a $600 billion AI infrastructure outlay against sharp losses in software shares.
Glencore share price steadies after Rio Tinto walks away — what to watch next week

Glencore share price steadies after Rio Tinto walks away — what to watch next week

7 February 2026
Glencore shares closed up 0.6% at 478.1 pence Friday, rebounding after a 7% drop following the collapse of merger talks with Rio Tinto. The company is expected to announce the sale of its Kazzinc stake soon and has signed a non-binding agreement with Orion for a potential $9 billion deal in the DRC. Investors await Glencore’s full-year results on Feb. 18 for further guidance.
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